Campbell's announced a 13% reduction in its salaried workforce and the closure of two snack plants to improve operations and return to profitability. Despite raising prices by 4-5% on much of its portfolio to offset rising costs, the company expects a 2-4% decline in net sales for fiscal 2027, worse than analyst forecasts. Adjusted earnings per share are also projected below estimates. CEO Mick Beekhuizen emphasized addressing current challenges directly to restore long-term value and maintain credit ratings. The company aims to save $500 million by fiscal 2030 through these measures.
Campbell's announced a 36% cut to its quarterly dividend, the first since 2001, to strengthen its balance sheet amid significant losses in its snack segment. While its Meals & Beverages division showed growth, the snack business saw a 12% revenue dec...
Campbell Soup Company reported a 37% drop in adjusted earnings per share to $0.39 and an 8% revenue decline to $2.14 billion in Q4, driven by inflation and supply-chain costs. The company cut its quarterly dividend by 36% to $0.25 to accelerate debt ...
Ford plans to sell over 100,000 units of its new Fathom electric truck in its first production year, priced around $30,000. The Fathom features Apple Maps integration and Ford's hands-free BlueCruise system, with more passenger space than the Toyota ...
Campbell's and Lululemon both report earnings on September 3, 2026, but Campbell's full fiscal year results and guidance reset carry more weight for retirement-focused investors than Lululemon's mid-year quarter. Campbell's defensive food business of...
